Clifford Chance
Third-Party Funding in Singapore: out of the shadows and into the light
8 July 2016
Third-party funding is the funding of the costs of legal proceedings by an entity that is unconnected to the dispute. Singapore law currently prohibits third-party funding in both litigation and arbitration, with limited exceptions.
On 30 June 2016, the Singapore Ministry of Law (MinLaw) announced that it proposed to enact new laws that will allow for third-party funding in international arbitration and related proceedings in the Singapore courts.
These legislative amendments will open up a new funding avenue for parties involved in or contemplating international arbitration proceedings.
